Kingfisher outlook dims further on loan denial
By Sanjeev Choudhary and Swati Pandey NEW DELHI/MUMBAI | Wed Feb 22, 2012 9:54pm IST NEW DELHI/MUMBAI (Reuters) – State Bank of India, the country’s top lender, has not extended further loans to debt-crippled Kingfisher Airlines, a bank official said, denying reports that the state-owned creditor was close to offering a lifeline. Several newspapers reported that State Bank of India (SBI) would throw a lifeline to Kingfisher, which is majority…
Tags:Air India , aviation , carrier , equity , India , kingfisher , Kingfisher Airlines , passengers , SBI , year
Karzai urges calm as six die in Afghan Koran protests
By Mirwais Harooni and Hamid Shalizi KABUL | Wed Feb 22, 2012 10:34pm IST KABUL (Reuters) – Afghan President Hamid Karzai appealed for calm on Wednesday after officials said at least six people were shot dead and dozens wounded in protests over the burning of copies of the Koran, Islam’s holy book, at NATO‘s main base in the country. The U.S. embassy said its staff were in “lockdown” and travel…
Tags:Afghan Koran , Afghanistan , fire , Kabul , leader , NATO , Pakistan , police , protesters , Taliban
GDP expected to grow 7.1 pct in FY12, seen picking in FY13
NEW DELHI | Wed Feb 22, 2012 1:18pm IST NEW DELHI (Reuters) – India’s economy is expected to pick up in the fiscal year starting on April 1 after growing at its slowest pace in three years in the current fiscal year, a government advisory panel said on Wednesday. The panel said it expected the economy to grow by between 7.5 and 8 percent in the next financial year after…
Tags:April , GDP , investment , Manoj Kumar , pace , panel , Prime Minister Manmohan Singh , sector , year , zone
Tibetans mark new year under shadow of immolations
By Michael Martina LANGMU, China | Wed Feb 22, 2012 12:40pm IST LANGMU, China (Reuters) – Tibetans in northwest China marked a tense traditional new year with prayer, the sounding of a gong and subdued defiance on Wednesday, in the wake of a string of self-immolations and protests against Chinese control. The traditional new year, or “Losar”, is a combination of Buddhist ceremony and family celebration observed across the Tibetan…
Bank bailout for Kingfisher hangs in balance
By Swati Pandey and Sanjeev Choudhary NEW DELHI/MUMBAI | Wed Feb 22, 2012 1:25pm IST NEW DELHI/MUMBAI (Reuters) – Lenders to Kingfisher Airlines(KING.NS) have not agreed to extend further loans to the debt-crippled carrier, three banking sources said on Wednesday after reports that State Bank of India (SBI) had agreed on a bailout loan package. Several newspapers reported that SBI had agreed to throw a lifeline to Kingfisher, which is…